Tag Archives: data security

Cyber Liability: Privacy Regulatory Defense & Penalties Coverage

This entry is part 25 of 25 in the series Data Security

The U.S. National Cyber Security Alliance reports that 60% of companies affected by a data breach will go out of business within six months. At a time when technology and the risks associated with it affect every person and business, Society Insurance provides leading-edge Cyber Liability insurance with comprehensive data security and privacy coverage. (more…)

Cyber Terrorism: How Insurance Can Help Mitigate Damages

This entry is part 1 of 25 in the series Data Security

What is Cyber Terrorism?

Cyber terrorism is a politically-motivated attack against computers and data. These attacks are intended to be disruptive and advance the attackers’ political or religious stance. Acts of cyber terrorism result in a total or partial interruption of a computer system. Unlike cyber extortion, the hacker isn’t asking for any sort of ransom in cyber terrorism situations.

Examples of Cyber Terrorism

  • Sophisticated network attacks to gain access to sensitive data and high-value business information
  • Viruses and worms that are maliciously designed to disrupt, damage and attack an electronic infrastructure
  • Hacks to collect personally-identifiable information which can be used to steal identities

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Cyber Liability Insurance – Network Asset Protection Coverage (Video)

This entry is part 2 of 25 in the series Data Security

Electronic data is an important component of your business operations. What would happen if you suddenly lost access to this information? Would you be prepared for the cost associated with recovering your computer network assets? (more…)

Data Breach and Your Damaged Reputation

This entry is part 3 of 25 in the series Data Security

It is no secret that criminals are getting smarter at using technology to their advantage.  Unfortunately, that means your business could be the victim of a data breach left to face tremendous financial costs, lost customers and a damaged reputation. When word gets out that data was compromised at your business, it may take time to convince customers that it is safe to come back. (more…)

Cyber Liability Insurance – Security and Privacy Liability Coverage

This entry is part 4 of 25 in the series Data Security

If your business suffers a data breach, you may see yourself as the victim. But there could be a different perspective for customers or employees whose data has been compromised. They may view you, the business owner, as responsible for not properly safeguarding their confidential information. Would your business be prepared for the related lawsuits? (more…)

Common Data Threats and Vulnerabilities

This entry is part 5 of 25 in the series Data Security

When it comes to data security, a threat is any potential danger to information or systems. Threats could be an intruder network through a port on the firewall, a process accessing data in a way that violates the security policy, a tornado wiping out a facility, or an employee making an unintentional mistake that could expose confidential information or destroy a file’s integrity.

It’s critical for every business to understand their risk. An important step in data security is to identify potential threats, classify them by category, and evaluate the damage potential to the company. Use this checklist to understand common data threats and assess how they may affect your business: (more…)

PCI DSS Compliance and Cyber Liability Insurance

This entry is part 6 of 25 in the series Data Security

Did you know that businesses are required to implement a set of security standards to protect credit card data?

Did you also know that banks and credit card companies can impose fines and penalties on your business if you fail to maintain these requirements? (more…)

Cyber Liability Insurance – Privacy Breach Response Coverage (Video)

This entry is part 7 of 25 in the series Data Security

A privacy breach that exposes sensitive customer information can be high-impact for all businesses. But it can be especially devastating for a small business, causing significant financial strain and irreparable harm to your reputation. So, what are the odds of a breach happening at your business? (more…)

Upgrade Your Internet Security: Risky Cyber Behaviors to Avoid

This entry is part 8 of 25 in the series Data Security

Every business has an expectation to protect sensitive information, and every employee plays a key role in preventing cybersecurity incidents.

Below are five of the most common data security mistakes leading to data breaches. Employees should halt these practices immediately to reduce the likelihood of a breach.

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Password Security Tips

This entry is part 9 of 25 in the series Data Security

A recent study analyzed 10 million passwords leaked in various data breaches throughout 2016. The most common password, once again, is ‘123456.’ A whopping 17% of users trust ‘123456’ to safeguard their online accounts! The study also found that four of the top 10 most common passwords were six characters or less. Brute-forcing techniques will have those passwords cracked in seconds.

Don’t fall into this trap. If your passwords are common and easy for you to remember, they’re likely to be easy for hackers as well. Use these password tips to keep your data secure. (more…)